How does a former F/A-18 Hornet pilot view the stock market? Today, we’re joined by Lieutenant Colonel Tony Bancroft (USMCR), the Portfolio Manager behind the Gabelli Commercial Aerospace & Defense ETF (GCAD).With global tensions escalating and defense budgets reaching record highs in 2026, the Aerospace & Defense sector is on every investor’s radar. But Tony brings an edge most managers don’t: he’s flown the hardware. We discuss the “Double Tailwind” driving this sector—the massive rearmament of Europe and the post-COVID commercial Travel explosion—and how GCAD is positioned to capture both.In this interview, we break down:The Military Edge: How Tony’s background as a Marine Pilot influences his stock-picking process.Rearming the Globe: Why surging defense budgets in the EU and abroad are creating a multi-year Growth cycle.The Commercial Boom: The “ground truth” on aerospace manufacturers like Boeing and Airbus as travel demand hits new highs.GCAD Strategy: Why this fund looks for specific cash-flow metrics and high-quality suppliers over broad index plays.Featured ETF:$GCAD – Gabelli Commercial Aerospace & Defense ETFAbout Lt. Col. Tony Bancroft:Tony Bancroft is a Portfolio Manager at Gabelli Funds and a Lieutenant Colonel in the U.S. Marine Corps Reserve. A graduate of the United States Naval Academy, Tony’s experience as an F/A-18 Hornet pilot provides a unique, first-hand understanding of the defense industry’s Technology and operational needs.#DefenseStocks #Aerospace #GCAD #TonyBancroft #GabelliFunds #MilitaryInvesting #Boeing #LockheedMartin #Investing2026 #DefenseETFDisclaimer: This video is for educational purposes only and does not constitute financial advice. Aerospace and Defense stocks can be volatile and are subject to government contract risks and geopolitical shifts. Please read the GCAD prospectus carefully before Investing, especially regarding the current fee waiver.If you want a better way to track your dividend portfolio, try Snowball Analytics! Here is my referral link (no added cost to you): https://snowball-analytics.com/register/dividendstockpileor you can use my promo code: DIVIDENDSTOCKPILE.
